- The turnover of Tesla vehicles in the USA fell by 16% in April by 16%According to data from S&P Global Mobility, which were cited by the trade release Automobile messages. With a share of 40%, even the slightest weakness at Elon Musk’s company has a disproportionate influence on the monthly EV turnover. Musk has now released concerns that he has a demand problem in his hands.
When Tesla Niesen, the entire US electric vehicle market.
The company of Elon Musk led the total turnover of zero emission cars in April and marked the first decline in EV sales of the year 14 months after the previous year. Automobile messages.
The trade publication based in DetroitquotedData published by S&P Global Mobility showed that the Americans bought around 97,800 EVs or 4.4% less than in the previous year.
The main culprit behind the decline was Tesla, whose volumes dropped 16% to just under 40,000 for April. In comparison, Chevrolet recorded the business of comparatively low levels on the back of the new Equinox Crossover, which was crossed at all Tesla modelsActual real world areas.
Neither Tesla nor S&P Global Mobility reacted to a request fromAssetsmade outside of normal business hours.
Teslas 40% share means that it determines the direction of the American EV market
Musk made EVS desirable in the USA, first in 2012 with the Model S limousine, which revolutionized the industry, and then landed a hit with the affordable crossover of model Y eight years later.
Despite his success, the rest of the US industry could not – in the case of EV -Upstarts like Rivian – or not. Even in his currently weakened condition, Tesla still shows about four out of 10 EVs that are sold in the USA, compared to market shares of less than 10% for its two closest competitors – Chevrolet and Ford.
With such a dominant position, even the slightest declines have a disproportionately large influence on the overall market.
Usually the sales figures published in June would be considered standing at this point, but there is a lack of timely data when it comes to the size of the US electric vehicle industry. Compared to most other wealthy and industrialized countries, the market is a demand in which the EV demand is supported by High fuel taxes.
Musk has rejected concerns that Tesla has a demand problem
Tesla’s bad results in the United States in April confirm a trend that had already been created Europe And ChinaWhat indicates this Return to the growing car sale.
The turnover is already 13% in the first quarterAnd June has to be a very strong month to publish at least stagnating volumes for the current quarter. For Tesla who are more worrying Since April 2024 This would start before the end of June.
In the meantime, the CEO has tightened some investors by consistently referring concerns that Tesla’s core business in a lengthy slump, for which it is ultimately responsible. He not only did he kill His planned 25,000 US dollar, inexpensive car in favor of one without manual controls, has also provoked his political activism a customer boycott.
“Do not worry” saidasked about the break -in of the Tesla EV sale. “You are fine.”
This story was originally on Fortune.com
